Aprio Wealth Management LLC Purchases 119 Shares of Visa Inc. (NYSE:V)

Aprio Wealth Management LLC boosted its position in Visa Inc. (NYSE:V) by 8.5% during the third quarter, HoldingsChannel.com reports. The fund owned 1,526 shares of the credit-card processor’s stock after buying an additional 119 shares during the quarter. Aprio Wealth Management LLC’s holdings in Visa were worth $340,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in V. Amundi bought a new stake in shares of Visa during the second quarter worth $1,091,544,000. Alliancebernstein L.P. grew its stake in shares of Visa by 10.7% during the second quarter. Alliancebernstein L.P. now owns 20,743,603 shares of the credit-card processor’s stock worth $4,850,269,000 after buying an additional 2,009,038 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Visa by 84.3% during the second quarter. Macquarie Group Ltd. now owns 2,811,153 shares of the credit-card processor’s stock worth $657,304,000 after buying an additional 1,286,151 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Visa by 4.5% during the second quarter. Geode Capital Management LLC now owns 28,005,159 shares of the credit-card processor’s stock worth $6,529,879,000 after buying an additional 1,200,144 shares during the last quarter. Finally, Vontobel Asset Management Inc. grew its stake in shares of Visa by 37.8% in the second quarter. Vontobel Asset Management Inc. now owns 3,816,615 shares of the credit-card processor’s stock worth $922,780,000 after purchasing an additional 1,047,776 shares during the last quarter. 80.54% of the stock is currently owned by institutional investors and hedge funds.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 30th. The shares were sold at an average price of $227.58, for a total value of $2,048,220.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $229.10, for a total transaction of $2,564,316.30. Following the sale, the president now directly owns 11,193 shares in the company, valued at approximately $2,564,316.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,580 shares of company stock worth $11,376,866. 0.19% of the stock is owned by insiders.

Several analysts recently weighed in on V shares. Piper Sandler boosted their price objective on shares of Visa from $260.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $267.00 to $277.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 27th. Daiwa Capital Markets cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $250.00 price objective on the stock. in a research note on Thursday, August 12th. Mizuho reduced their price objective on shares of Visa from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, November 1st. Finally, Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating and set a $227.00 price objective on the stock. in a research note on Thursday, October 28th. Two equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Buy” and an average price target of $270.11.

NYSE V opened at $203.25 on Thursday. The company’s 50 day simple moving average is $219.79 and its two-hundred day simple moving average is $228.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 2.00. The stock has a market capitalization of $395.92 billion, a PE ratio of 36.10, a P/E/G ratio of 1.88 and a beta of 0.92. Visa Inc. has a 1 year low of $192.81 and a 1 year high of $252.67.

Visa (NYSE:V) last released its earnings results on Tuesday, October 26th. The credit-card processor reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.09. Visa had a net margin of 51.07% and a return on equity of 37.62%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same quarter last year, the firm earned $1.12 EPS. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 7.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 7th. Investors of record on Friday, November 12th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, November 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. This is a positive change from Visa’s previous quarterly dividend of $0.32. Visa’s dividend payout ratio (DPR) is currently 26.64%.

Visa Company Profile

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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